Nigeria’s transport network has expanded in recent years to accommodate a growing population. The transport and storage sector was valued at N2.6trn ($6.9bn) in current basic prices in 2020, down from N3trn ($8bn) in 2019, according to the National Bureau of Statistics (NBS). This was reflected in a lower contribution to GDP, at 1.8% in the fourth quarter of 2020, down from 2.1% during the same period the previous year but higher than the 0.8% recorded in the third quarter of 2020. One of the most significant challenges facing the sector is meeting the needs of both large coastal cities and rural inland communities in order to fully unlock the country’s economic potential. This is especially the case with mining and agriculture, both of which are expected to benefit from two large-scale projects: the Lekki Port in Lagos and the Kano-Maradi rail line in the north of the country.
The Power Holding Company of Nigeria (PHCN), formerly the National Electric Power Authority (NEPA), was a power company owned by the government of Nigeria. It represented Nigeria in the West African Power Pool. During the era when it operated as NEPA, the company managed a football team, NEPA Lagos.
Olufemi Peter Otedola is a Nigerian businessman and philanthropist. He is the former chairman of Forte Oil PLC, and is the current executive chairman of Geregu Power PLC.
Chagoury Group is a Nigerian multinational business conglomerate headquartered in Lagos, Lagos State. Founded in 1971 by Gilbert R. Chagoury and Ronald Chagoury, their businesses include construction and property development, flour mills, water bottling and purification, glass manufacturing, insurance, hotels, furniture manufacturing, telecommunications, transportation, IT, catering and international financing.
In 2018, Nigeria's primary energy consumption was about 155 Mtoe. Most of the energy comes from traditional biomass and waste, which accounted for 73.5% of total primary consumption in 2018. The rest is from fossil fuels (26.4%) and hydropower.
Anthony Onyemaechi Elumelu popularly known as Tony Elumelu is a Nigerian economist, banker and philanthropist. He chairs Heirs Holdings, Transcorp, United Bank for Africa (UBA) and is the founder of The Tony Elumelu Foundation.
Heirs Holdings is a family-owned investment holding company headquartered in Lagos, Nigeria with investment interests in various sectors in Africa.
Igho Charles Sanomi is a Nigerian billionaire businessman, geologist, public speaker and philanthropist with business interests in oil, power, logistics, telecommunications, the maritime industry, aviation and real estate.
Taleveras is an African business conglomerate, privately owned with business interests in energy and infrastructure, oil and gas exploration, production, trading and supply, power and construction. Taleveras’ offices are located in London, Geneva, Abuja, Lagos, Abidjan, Cape Town and Dubai.
The electricity sector in Nigeria generates, transmits and distributes megawatts(MW) of electric power that is significantly less than what is needed to meet basic household and industrial needs. Nigeria has twenty-three (23) power-generating plants connected to the national grid with the capacity to generate 11,165.4 MW of electricity. These plants are managed by generation companies (GenCos), independent power providers, and Niger Delta Holding Company. In 2012, the industry labored to distribute 5,000 MW, very much less than the 40,000 MW needed to sustain the basic needs of the population. This deficit is also exacerbated by unannounced load shedding, partial and total system collapse and power failure. To meet demand, many households and businesses resort to purchasing generating sets to power their properties; this source of energy provided 6,000 MW in 2008. Nigeria has a chronic electricity shortage that has affected the country for many years. In 2022, its power grid collapsed twice in one week.
Olorogun O’tega Emerhor, born on November 25, 1957, in Evwreni, Ughelli, Nigeria is a Nigerian chartered accountant, politician, and businessman. He has had a successful career in the financial sector and has been actively involved in social and political activities.
Transcorp Hotels Plc, formerly Transnational Hospitality & Tourism Services Limited (THTSL), is the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), a conglomerate with interests in the power, hospitality, agriculture, and oil and gas sectors, headquartered in Lagos. It was listed on the Nigerian Stock Exchange in January 2015.
Benfruit Plant is a fruit-processing plant based in Benue State in Nigeria’s fertile middle-belt region. It is owned and operated by Teragro Commodities Limited, the agribusiness subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), a Lagos-based conglomerate. It was established in 2011 as a result of a partnership between Teragro and the Benue State Government.
Transcorp Power Limited's Ughelli Power Plant is a gas-fired thermal plant located in Ughelli, Delta State in the Niger Delta region of Nigeria. It is the largest fossil-fuel based power-generating station in the country. The plant has an installed capacity of 972 MW and is capable of generating 2,500 GWh of electricity annually.
Valentine Chineto "Val" Ozigbo is a Nigerian politician and business executive. He is the immediate past President and Chief Executive Officer of Transnational Corporation of Nigeria plc (Transcorp), a diversified conglomerate with strategic investments and core interests in the hospitality, agribusiness and energy sectors He was appointed to the position in 2019.
Anthony 'Tony' Chukwueke is a Nigerian business executive. He is currently the Chairman of Sterling Energy and Exploration Production Limited (SEEPCO) a role he took up in 2018 after exiting as energy director of the Nigeria-based conglomerate, Transnational Corporation of Nigeria Plc.
Africa Finance Corporation (AFC) is a pan-African Multilateral Development Financial Institution established in 2007 by sovereign African states to provide pragmatic solutions to Africa's infrastructure deficit and challenging operating environment. The Corporation bridges the infrastructure investment gap through the provision of debt and equity finance, project development, technical and financial advisory services.
Honeywell Group is a conglomerate based in Nigeria. It operates in diversified businesses such as foods and agriculture, telecommunication and infrastructure, real estate and financial services. The company was founded by Dr. Oba Otudeko, who is the group chairman.
Modupe Olusola is a Nigerian business executive. She is the Managing Director and Chief Executive Officer of the Nigeria-based Hospitality company, Transcorp Hotels plc, subsidiary of the Nigerian conglomerate, Transnational Corporation of Nigeria.
Owen Diana Omogiafo is a Nigerian business executive and strategist. She is the President and Group Chief Executive Officer of Transnational Corporation Plc, a diversified conglomerate with strategic investments in the Power, Hospitality and Oil and Gas sectors.
